William Blair Investment Management LLC Has $214.13 Million Position in Waystar Holding Corp. $WAY

Key Points

• William Blair Investment Management LLC increased its position in Waystar Holding Corp. by 23.9%, owning approximately 3.01% of the company, valued at $214.13 million.
• Insiders have recently sold a significant amount of Waystar stock, with Director Paul G. Moskowitz selling over 4.29 million shares for approximately $168.4 million, indicating a 23.79% decrease in his ownership.
• Waystar's stock has a current market cap of $6.44 billion and is rated as a "buy" by most analysts, with a consensus price target of $45.50.

William Blair Investment Management LLC boosted its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 23.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,239,365 shares of the company's stock after buying an additional 1,011,940 shares during the quarter. William Blair Investment Management LLC owned approximately 3.01% of Waystar worth $214,133,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Waystar by 62.1% in the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after acquiring an additional 3,099,211 shares during the period. Invesco Ltd. grew its stake in shares of Waystar by 9,107.1% in the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock worth $76,225,000 after purchasing an additional 2,018,125 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Waystar by 721.4% in the first quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company's stock valued at $44,919,000 after purchasing an additional 1,055,965 shares during the period. Lord Abbett & CO. LLC increased its holdings in Waystar by 75.3% in the first quarter. Lord Abbett & CO. LLC now owns 1,336,875 shares of the company's stock valued at $49,945,000 after purchasing an additional 574,295 shares during the period. Finally, Nuveen LLC bought a new position in Waystar during the 1st quarter worth $20,520,000.

Insider Buying and Selling at Waystar

In related news, Director Paul G. Moskowitz sold 4,295,139 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $39.21, for a total transaction of $168,412,400.19. Following the transaction, the director directly owned 13,759,910 shares of the company's stock, valued at $539,526,071.10. This represents a 23.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of Waystar stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $34.66, for a total transaction of $1,617,478.22. Following the completion of the sale, the chief executive officer directly owned 764,131 shares of the company's stock, valued at approximately $26,484,780.46. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,631,250 shares of company stock valued at $181,141,432 over the last 90 days. Insiders own 4.10% of the company's stock.

Waystar Stock Up 0.5%

Shares of Waystar stock opened at $36.98 on Friday. The stock's 50-day moving average is $37.30 and its 200 day moving average is $37.73. Waystar Holding Corp. has a one year low of $26.95 and a one year high of $48.11. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 77.04, a PEG ratio of 0.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The company's revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 earnings per share. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Equities research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on WAY. Baird R W upgraded Waystar to a "strong-buy" rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Waystar in a research note on Wednesday, October 8th. JMP Securities began coverage on shares of Waystar in a research report on Thursday, September 18th. They set a "market outperform" rating and a $48.00 target price for the company. Citigroup initiated coverage on shares of Waystar in a report on Thursday, September 18th. They set an "outperform" rating for the company. Finally, Mizuho began coverage on shares of Waystar in a research report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $45.50.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.

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